Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Analysis of Revenues
- Analysis of Debt
- Aggregate Accruals
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Nike Inc., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2026-05-31), 10-K (reporting date: 2025-05-31), 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31).
An analysis of the statement of comprehensive income from May 31, 2021, through May 31, 2026, reveals a period of initial stability followed by a significant contraction in profitability. While the company maintained strong net income levels between 2021 and 2024, a substantial decline is evident starting in 2025, with a continuing downward trajectory into 2026.
- Net Income Performance
- Net income peaked in May 2022 at 6,046 million US$, followed by a fluctuation that saw a recovery to 5,700 million US$ by May 2024. However, a sharp downturn occurred in May 2025, where net income fell to 3,219 million US$, representing a decrease of approximately 43.7% from the previous year. This decline persisted into May 2026, with net income reaching its lowest point in the analyzed period at 3,108 million US$.
- Volatility in Other Comprehensive Income (OCI)
- Other comprehensive income exhibits significant volatility, primarily driven by fluctuations in cash flow hedges and foreign currency translation. Net gains or losses on cash flow hedges showed extreme variance, swinging from a loss of 825 million US$ in 2021 to a gain of 1,214 million US$ in 2022, before returning to consistent losses through 2025. Foreign currency translation adjustments also remained unstable, shifting between positive and negative values annually, which suggests exposure to significant exchange rate volatility.
- Comprehensive Income Trends
- Comprehensive income closely mirrors the trajectory of net income, peaking at 6,744 million US$ in May 2022. The total comprehensive income experienced a severe contraction in May 2025, dropping to 2,908 million US$. A slight recovery is observed in May 2026, rising to 3,225 million US$, although this increase was driven more by a positive shift in other comprehensive income (117 million US$) than by an improvement in net income, which continued to decline.